Money Sense

[Anonymous]

Use a revolver when commiting  robberies and contracted hits. There is no chance of jam and you leave behind far less evidence.



Wear gloves.

[DKG]

The Fed is fighting inflation too hard as price pressures are fading, David Rosenberg said.

The central bank's rapid interest-rate hikes are paving the way for an economic disaster, he said.

The Rosenberg Research chief expects inflation to drop from over 8% to below 3% in the next year.

[DKG]

The US economy shrank 1.6 percent in the first quarter and 0.6 percent in the second. Inflation averaged 8.2 percent in the twelve months through September. The Fed has lifted interest rates by three percentage points since March.



Many top economist's like Harvard's Larry Summers are putting the chances of a deep recession at one hundred percent.

[DKG]

Inflation in the UK was 10.1 percent year over year.

[DKG]

Earnings are coming in better than expected. But, it will be short term. Markets will not likely reach bottom until 2023. Continuing to raise interest rates will deepen the pain unnecessarily.

[Herman]

The US economy grew for the first time in six months. I see the markets have been having a good week.

[DKG]

The US economy grew for the first time in six months. I see the markets have been having a good week.

Markets will do better in the final quarter as they usually do. The effects of reckless fiscal policy will be felt next year.

[DKG]

U.S. stock indexes finished a volatile session with losses on Wednesday after the Federal Reserve announced the fourth straight jumbo increase in its benchmark interest rate and hinted at a potential slowdown in its effort to tighten monetary policy to bring down inflation.



However, Powell said in his press conference that it is "very premature" to be thinking about pausing the rise in rates, and the ultimate target for increases in its policy rate may be higher than previously expected.



The Dow Jones Industrial Average was down 505.44 points, or 1.6%, to finish at 32,147.76.

The S&P 500  lost 96.41 points, or 2.5%, ending at 3,759.69.

The Nasdaq Composite fell 366.05 points, or 3.4%, to finish at 10,524.80.

The S&P/TSX composite index was down more than 240 points.

[DKG]

Stock futures were slighter higher Tuesday morning evening following a winning day for markets as investors looked ahead to U.S. midterm elections on Tuesday.



Futures tied to the Dow Jones Industrial average rose 65 points or 0.2 as were S&P 500 futures. Nasdaq 100 futures were were up 0.45%.



Shares of Lyft fell nearly 20% premarket while Take-Two Interactive and Tripadvisor slumped more than 18% each after reporting disappointing quarterly results.



The moves come after a day when all major indexes notched a second straight positive session. The Dow Jones Industrial Average closed higher by 423.78 points, or 1.31%. Meanwhile, the S&P 500 gained 0.96%, and the Nasdaq Composite rose 0.85%.



Investors are awaiting Tuesday's midterm election results. They will determine which party controls Congress and steer future policy and spending.



Any market reaction will likely hinge on whether Republicans take back the House of Representatives, the Senate or both.

[DKG]

Democratic upset in U.S. midterms could roil markets looking for a GOP win.  A  surprise victory by the Democrats could throw the markets for a loop, potentially bringing to the fore concerns about tech-sector regulation as well as budget spending that could buoy already-high inflation, according to market participants. Options positioning implied a 1.5% decline in the S&P 500 on the day after the vote should Democrats pull off a stronger-than-expected showing.

[DKG]

The markets may have a negative reaction to this. It's no surprise the Senate results could take another month. But, we thought there would be a clear result in the House today.

[DKG]

The October consumer price index report could spark big moves in the stock market on Thursday, according to JPMorgan.

The bank ran a scenario analysis and said a big miss or beat could move the S&P 500 up or down as much as 6%.

Economists expect the CPI report to show a year-over-year increase of 7.9%, a decline from September's 8.2% reading.



Following the midterm elections, investors have shifted their focus to Thursday's October consumer price index report, and it could jolt markets in a big way depending on the data, according to JPMorgan.



The bank's trading desk ran a scenario analysis of where it expects the S&P 500 to trade depending on the CPI report. Economists surveyed by Bloomberg expect it to show a year-over-year headline inflation increase of 7.9%, which would be a decline from September's 8.2% reading.



Things would get dicey quick if October's CPI report comes in above expectations, with the bank expecting a 30% chance that headline CPI prints 8.1% to 8.3%. The S&P 500 could fall between 2% and 3% if that scenario plays out tomorrow.



The least likely scenario happening, according to JPMorgan, is a huge beat or miss in the October CPI report. At a 5% chance of happening on each side of the spectrum, the bank expects the S&P 500 to soar or crash as much as 6% if October's CPI print is below 7.6% or above 8.4%, respectively.

[DKG]

Thursday's data showing U.S. CPI inflation grew 7.7% in October, its slowest pace in nine months, suggesting the series of sharp interest rate hikes by the Federal Reserve this year were finally having their desired effect.



This raised expectations that the Fed policymakers may decide to temper the central bank's aggressive monetary tightening campaign earlier than previously anticipated, potentially hiking by only 50 basis points in December instead of another 75 bps increase.



The CPI data will not be the final say on that decision (we have jobs data and another CPI release before then), but it can set the tone regarding the Fed's comfort level.



Stocks soared after fresh data showed inflation eased in October, with the Dow industrials adding some 1,200 points. Nasdaq, S&P, and the TSX all had huge gains.

[DKG]

The cryptocurrency world is melting down, much as the subprime market did in 2007. Back then, scarcely understood financial products in high demand pitched the world into crisis. Is that about to happen again?



Ffor now, the situation is demonstrating two things. The first is that, for all the hype about bitcoin, and for all the speculative money pouring into firms such as FTX, the crypto world remains a fringe niche within the larger financial system. And the second is that, precisely because regulators in the United States and other countries understood crypto's risks, traditional financial institutions—the creators of the subprime mess—are walled off from the current meltdown.



The central problem is that cryptocurrencies remain little more than speculative assets and the crypto markets are little more than a casino, rife with fraud. The FTX meltdown's affect on the health of markets has been minimalized.

[DKG]

Federal Reserve Vice Chair for Supervision Michael Barr cautioned the US economy would take a hit as the central bank confronts high inflation.



Fed officials are raising interest-rates aggressively to confront the highest price pressures in 40 years and have forecast that unemployment will advance to 4.4% in 2023, according to their median projection. The US unemployment rate in October was 3.7%.